Russia’s sovereign funds hit $221.8bln in January

From Gulfnews.com: Russia’s two sovereign wealth funds rose to 7.9 trillion roubles ($221.8 billion, Dh801 billion) in January, boosting the government’s finances as it prepares for the first budget deficit in a decade.

The Reserve Fund rose to 4.9 trillion roubles and the National Wellbeing Fund increased to three trillion roubles in the month, Pyotr Kazakevich, deputy chief of the Finance Ministry’s international finance department, told reporters in Moscow on Tuesday. …. Full Article: Source